| 1 | UCB SA (UCB.BR) | 10/10 | 23.5x |
| 2 | Philogen S.p.A. (PHIL.MI) | 10/10 | 3.7x |
| 3 | Jazz Pharmaceuticals PLC (JAZZ) | 10/10 | 17.1x |
| 4 | Exelixis Inc (EXEL) | 10/10 | 16.5x |
| 5 | Anthem Biosciences Limited (ANTHEM.NS) | 10/10 | 83.7x |
| 6 | 3SBio Inc. (1530.HK) | 10/10 | 4.3x |
| 7 | Theravance Biopharma Inc (TBPH) | 9/10 | 3.5x |
| 8 | Pharming Group N.V. (PHARM.AS) | 9/10 | 12.6x |
| 9 | Krystal Biotech Inc (KRYS) | 9/10 | 52.9x |
| 10 | Harmony Biosciences Holdings Inc (HRMY) | 9/10 | 7.5x |
| 11 | Biocytogen Pharmaceuticals (Beijing) Co., Ltd. (688796.SS) | 9/10 | 162.9x |
| 12 | Shanghai Allist Pharmaceuticals Co., Ltd. (688578.SS) | 9/10 | 17.4x |
| 13 | Sunshine Guojian Pharmaceutical (Shanghai) Co., Ltd (688336.SS) | 9/10 | 12.3x |
| 14 | Medtide Inc. (3880.HK) | 9/10 | 17.5x |
| 15 | SK Biopharmaceuticals Co., Ltd. (326030.KS) | 9/10 | 41.7x |
| 16 | Qyuns Therapeutics Co., Ltd. (2509.HK) | 9/10 | 8.2x |
| 17 | Biocytogen Pharmaceuticals (Beijing) Co., Ltd. (2315.HK) | 9/10 | 89.6x |
| 18 | Heartseed Inc. (219A.T) | 9/10 | 42.7x |
| 19 | Pharmicell Co., Ltd. (005690.KS) | 9/10 | 20.1x |
| 20 | Zealand Pharma A/S (ZEAL.CO) | 8/10 | 3.3x |
| 21 | WuXi Biologics (Cayman) Inc. (WUXI13.BK) | 8/10 | 1.0x |
| 22 | Vytrus Biotech, S.A. (VYT.MC) | 8/10 | 94.9x |
| 23 | Vericel Corp (VCEL) | 8/10 | 94.8x |
| 24 | Sino Biopharmaceutical Limited (SINOBIO19.BK) | 8/10 | 2.2x |
| 25 | Rigel Pharmaceuticals Inc (RIGL) | 8/10 | 11.5x |
| 26 | Pharma Mar, S.A. (PHM.MC) | 8/10 | 32.3x |
| 27 | Pharming Group NV (PHAR) | 8/10 | 14.7x |
| 28 | Incyte Corp (INCY) | 8/10 | 14.1x |
| 29 | Halozyme Therapeutics Inc (HALO) | 8/10 | 20.0x |
| 30 | Genmab A/S (GMAB.CO) | 8/10 | 110.8x |
| 31 | Clinuvel Pharmaceuticals Ltd (CUVL) | 8/10 | 5.2x |
| 32 | Catalyst Pharmaceuticals Inc (CPRX) | 8/10 | 21.1x |
| 33 | Basilea Pharmaceutica AG (BSLN.SW) | 8/10 | 15.3x |
| 34 | Bavarian Nordic A/S (BAVA.CO) | 8/10 | 10.5x |
| 35 | Aurinia Pharmaceuticals Inc (AUPH) | 8/10 | 13.3x |
| 36 | Plant Advanced Technologies SA (ALPAT.PA) | 8/10 | 2.6x |
| 37 | Xiamen Amoytop Biotech Co., Ltd. (688278.SS) | 8/10 | 49.3x |
| 38 | Shanghai Model Organisms Center, Inc. (688265.SS) | 8/10 | 88.9x |
| 39 | BeOne Medicines AG (688235.SS) | 8/10 | 63.8x |
| 40 | BeOne Medicines AG (6160.HK) | 8/10 | 47.7x |
| 41 | Hangzhou Jiuyuan Genetic Biopharmaceutical Co., Ltd. (2566.HK) | 8/10 | 6.2x |
| 42 | WuXi Biologics (Cayman) Inc. (2269.HK) | 8/10 | 52.5x |
| 43 | HBM Holdings Limited (2142.HK) | 8/10 | 20.0x |
| 44 | Innovent Biologics, Inc. (1801.HK) | 8/10 | 15.3x |
| 45 | Sinphar Pharmaceutical Co.,Ltd. (1734.TW) | 8/10 | 17.5x |
| 46 | Sino Biopharmaceutical Limited (1177.HK) | 8/10 | 11.1x |
| 47 | Supriya Lifescience Limited (SUPRIYA.NS) | 7/10 | 217.1x |
| 48 | Septerna Inc (SEPN) | 7/10 | 18.3x |
| 49 | Royalty Pharma PLC (RPRX) | 7/10 | 12.5x |
| 50 | Pulmatrix Inc (PULM) | 7/10 | n.d. |
| 51 | Puma Biotechnology Inc (PBYI) | 7/10 | 9.8x |
| 52 | Omeros Corp (OMER) | 7/10 | n.d. |
| 53 | MacroGenics Inc (MGNX) | 7/10 | n.d. |
| 54 | MiMedx Group Inc (MDXG) | 7/10 | 16.2x |
| 55 | Lite Strategy Inc (LITS) | 7/10 | n.d. |
| 56 | Inter Pharma Public Company Limited (IP.BK) | 7/10 | 18.2x |
| 57 | GeoVax Labs Inc (GOVX) | 7/10 | n.d. |
| 58 | EZZ Life Science Holdings Limited (EZZ.AX) | 7/10 | 5.4x |
| 59 | Dimerix Limited (DXB.AX) | 7/10 | 3.9x |
| 60 | Clinuvel Pharmaceuticals Limited (CUV.AX) | 7/10 | 11.7x |